Recalibration of Budget 2016 to focus on what is considered positive by the mart and people

PUTRAJAYA, Jan 15 — The recalibration of the Budget 2016 will focus what are considered positive by the market and the people, said Prime Minister Datuk Seri Najib Tun Razak.

Najib, who is also Finance Minister, said the recalibration would include issues on the cost of living, unemployment rate, private sector boost and commodities, especially oil prices.

“These considerations will improve the welfare of the people and deal with what is deemed important by the people.

“We took early steps, the government is being very proactive and we do not want the situation to overtake us. We should be able to take approriate measures to reduce any negative impact it might have on the economy and welfare of rakyat,” he told a media briefing here today.

Earlier, Najib chaired three meetings with analysts, economists, captains of industry and Special Economic Committee to seek their views on the proposed recalibration of the Budget 2016.